Core Viewpoint - Tongguan Gold (00340) has seen a significant increase in stock price, rising over 6% following the announcement of its acquisition of 100% equity in Longxin Construction Development Co., Ltd for a total consideration of RMB 260 million [1] Group 1: Acquisition Details - The acquisition is set to be completed by December 19, 2025, with the payment structured through the issuance of 110 million shares at an issue price of HKD 2.6 per share [1] - Longxin Construction primarily engages in mining engineering and construction, serving as an existing supplier for the company [1] Group 2: Strategic Implications - The acquisition is expected to bring synergistic benefits to the company's gold mining operations, enhancing cost savings and operational efficiency [1] - It will also strengthen the company's control over various aspects of mining safety production [1]